New York Times (NYSE:NYT) Stock, Quote.Headers.trade-ideas

New York Times

New York Times Co is an American media company known for publishing its flagship newspaper, The New York Times. The company also operates the International New York Times newspaper, as well as digital properties such as NYTimes and various smartphone applications. The company has two segments New York Times Group and The Athletic. The company generates the majority of its revenue from the NYTG segment. The NYTG and The Athletic segments derive revenue from subscriptions, Advertising, and others, where the major source of revenue for both segments is subscription.

Flag of Russia on military uniform and flag of the Ukraine at background. Photo by Bumble Dee on Shutterstock

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Russian forces fight back against Ukraine&#39;s ground incursion into Kursk region with missiles, drones, and airstrikes. Thousands of Ukrainian soldiers advanced across the border, occupying a piece of Russian territory. Moscow evacuated 200,000 people and destroyed numerous tanks and vehicles. Control of Russian town Sudzha is uncertain. News organizations covering the war trended upward in Tuesday&#39;s trading.

Russia Strikes Back At Ukraine&#39;s Ground Incursion Into Kursk

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New York Times shares are trading higher Wednesday after the company reported its second-quarter financial results. Here&#39;s a look at the details from the report:

New York Times Stock Is Up After Q2 Results: Here&#39;s Why

Jim Cramer Photo by s_bukley on Shutterstock

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Jim Cramer suggested that three media stocks are likely to perform well in the lead-up to the upcoming presidential election.

Jim Cramer Selects 3 Media Stock Winners As Tight Race Between Trump And Kamala Harris Unfolds: &#39;About To Be Inundated With Both Viewers And Political Ad Dollars&#39;

New York Times Company (The) Common Stock

New York Times Co

CWA Says NY Times Tech Guild Authorized Strike With 95% In Favor

<a href="https://www.nytco.com/press/the-new-york-times-brings-wordle-to-the-world-of-mixed-reality/" title="https://www.nytco.com/press/the-new-york-times-brings-wordle-to-the-world-of-mixed-reality/">https://www.nytco.com/press/the-new-york-times-brings-wordle-to-the-world-of-mixed-reality/</a>

The New York Times Launches Wordle In Mixed Reality With New 2D Panel App For Meta Quest Headsets, Expanding Gameplay Into Virtual Environments Through Multi-Year Collaboration With Meta Starting September 16, 2024​

<a href="https://www.axios.com/2024/09/10/nyt-tech-union-strike-vote" title="https://www.axios.com/2024/09/10/nyt-tech-union-strike-vote">https://www.axios.com/2024/09/10/nyt-tech-union-strike-vote</a>

'New York Times tech workers union votes to authorize a strike' - Axios

Russia countered <a href="https://www.benzinga.com/news/24/08/40330846/russian-president-blames-ukraine-of-sabotaging-peace-talks-through-border-incursion-says-enemy-will">Ukraine&#8217;s ground incursion</a> into Russia&#8217;s Kursk region with missiles, drones and airstrikes.
Thousands of Ukrainian soldiers advanced across the Russian border a week ago. The surprise attack allowed Ukraine to occupy a piece of Russian territory 7.5 miles deep and about 25 miles wide.
Moscow evacuated almost 200,000 people. It rushed in reserves and heavy weaponry in response to Ukraine&#8217;s ground attack, Reuters reported.
Russia&#8217;s defense ministry published images of Sukhoi Su-34 bombers hitting Ukrainian troops in the Kursk border region, according to the ministry, and said it countered attacks at villages about 17 miles from the border.
Read Also: <a href="https://www.benzinga.com/news/24/08/40264817/while-world-watches-the-middle-east-ukraine-pushes-into-russian-territory">While World Watches The Middle East, Ukraine Pushes Into Russian Territory</a>
Russian forces destroyed 35 Ukrainian tanks, 31 armored personnel carriers, 18 infantry fighting vehicles and 179 other armored vehicles during the week-long battle, it said.
&#8220;The uncontrolled ride of the enemy has already been halted,&#8221; Major General Apti Alaudinov, the commander of the Chechen Akhmat special forces unit, told Reuters. &#8220;The enemy is already aware that the blitzkrieg that it planned did not work out.&#8221;
It was not clear whether Ukraine or Russia had control of the Russian town of Sudzha, through which Russia sends gas  from Western Siberia and through Ukraineto Slovakia and other European Union countries. Russian oil and gas company Gazprom said Tuesday it was still pumping gas to Ukraine through Sudzha.
Russia first attacked Ukraine in late February 2022,
Price Action: News organizations covering the war trended upward into Tuesday&#8217;s late-afternoon trading.
<ul>
<li>Thomson Reuters Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRI#NYSE">TRI</a>), which owns Reuters, gained 1% to $162.25</li>
<li>Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) slipped 0.08% to $36.22</li>
<li>News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>), which owns The Wall Street Journal and dozens of news organizations worldwide, rose 1.53% to $27.52</li>
<li>The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) went up 1.63% to $54.71</li>
</ul>
Read Now: 
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<li><a href="https://www.benzinga.com/news/24/07/39700167/zelenskyy-lands-in-washington-as-nato-summit-puts-ukraine-aid-first">Zelenskyy Lands In Washington As NATO Summit Puts Ukraine Aid First</a></li>
</ul>
Image: Shutterstock

Russia Strikes Back At Ukraine's Ground Incursion Into Kursk

JP Morgan analyst David Karnovsky maintains New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Overweight and raises the price target from $56 to $58.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on New York Times, Raises Price Target to $58

Barclays analyst Kannan Venkateshwar maintains New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Equal-Weight and raises the price target from $40 to $45.

Barclays Maintains Equal-Weight on New York Times, Raises Price Target to $45

New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) shares are trading higher Wednesday after the company reported its second-quarter financial results. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/08/b40215476/the-new-york-times-company-reports-second-quarter-2024-results">details from the report.</a>
The Details:
New York Times reported quarterly earnings of 45 cents per share which beat the analyst consensus estimate by 12.5%. Quarterly sales came in just below estimates at $625 million and represents a 5.78% increase year-over-year.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/08/40205648/toast-shares-get-burned-after-q2-results">Toast Shares Get Burned After Q2 Results</a>
New York Times added approximately 300,000 net digital-only subscribers in the second quarter, driven by bundle and multiproduct subscriber additions as well as other single product subscriber additions. Total digital-only average revenue per user (ARPU) increased 2.1% year-over-year to $9.34 primarily as a result of subscribers transitioning from promotional to higher prices and price increases on tenured non-bundled subscribers.
The company said growth in both digital subscribers and ARPU drove a year-over-year increase in digital subscription revenues of 12.9% and digital advertising revenues increase of 7.8%.&nbsp;
"It was a strong second quarter for The Times – one in which we made further progress on the path to grow our subscriber base and become the essential subscription for every curious person seeking to understand and engage with the world," said Meredith Kopit Levien, CEO of The New York Times Company.&nbsp;
<h2 class="wp-block-heading">Is NYT A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/NYT">New York Times</a>&#8216; page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. New York Times does pay a dividend, which yields 1.03% per year as of the closing price on Aug. 7, 2024. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/NYT">New York Times</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
NYT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, New York Times shares are up 5.12% at $54.80 at the time of publication Wednesday.
Read Also:
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</ul>
&nbsp;Image: Shutterstock

New York Times Stock Is Up After Q2 Results: Here's Why

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New York Times shares are trading higher following Q2 financial results.

New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.40 by 12.5 percent. The company reported quarterly sales of $625.00 million which missed the analyst consensus estimate of $625.18 million by 0.03 percent. This is a 5.78 percent increase over sales of $590.85 million the same period last year.

Earnings Beats

Earnings Misses

New York Times Q2 2024 Adj EPS $0.45 Beats $0.40 Estimate, Sales $625.00M Miss $625.18M Estimate

In a recent episode of CNBC&#8217;s &#8220;Mad Money,&#8221; host Jim Cramer suggested that three media stocks are likely to perform well in the lead-up to the upcoming presidential election.
What Happened: Cramer, who is known for his stock recommendations, highlighted Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>), and Nexstar Media Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) as potential winners in the media sector, CNBC <a href="https://www.cnbc.com/2024/07/31/jim-cramer-recommends-three-media-stocks-in-the-run-up-to-the-election.html">reported</a> on Wednesday.
He pointed out that the upcoming election could significantly impact these companies, with increased viewership and political ad spending likely to boost their revenues.
"As much as I really do loathe talking politics on the show, I think the suddenly close election gives you an opportunity to try to profit from some of the media stocks that are about to be inundated with both viewers and political ad dollars," he said.
Regarding Fox, Cramer emphasized the potential growth from its live programming, particularly sports and news, due to its extensive deals with the NFL and college football. He also predicted a surge in viewership for Fox News in the months leading up to the November election.
He also recommended The New York Times, suggesting that a close election or a win by former President Donald Trump would further boost the company&#8217;s stock. Cramer noted that Trump&#8217;s presidency had driven increased news engagement and subscriber growth for the Times.
As for Nexstar, Cramer highlighted the company&#8217;s local TV stations, which could generate significant advertising revenue as candidates and super PACs invest in commercials over the next three months, particularly in battleground states.
However, Cramer cautioned that Nexstar is more of a trade than an investment and could face challenges post-election, similar to many traditional TV companies.
"When you look at the polling, suddenly we've got a close race," Cramer said. "Putting aside the polling, what really matters are the expectations, because Wall Street's an expectations machine."
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/40004774/dow-jumps-over-650-points-following-inflation-data-fear-greed-index-moves-to-neutral-zone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dow Jumps Over 650 Points Following Inflation Data: Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone</a>
Why It Matters: The media landscape is poised for significant changes as the 2024 presidential election approaches. Cramer has previously suggested that a second term for Trump could positively impact the stock market, as Trump's policies might favor market growth. 
Cramer pointed out that Trump&#8217;s reliance on stock market performance to gauge his success could <a href="https://www.benzinga.com/markets/equities/24/06/39562285/jim-cramer-says-trumps-return-to-white-house-could-be-good-for-your-portfolio-hate-him-or-like-h">lead to bullish measures</a>.
Additionally, Cramer has identified stocks that could <a href="https://www.benzinga.com/markets/equities/24/07/39785609/jim-cramer-says-these-stocks-could-soar-or-sink-if-trump-wins-2024-election">soar or sink if Trump wins</a> the 2024 election. He noted that the recent assassination attempt on Trump has intensified speculation about his chances of reelection. Cramer remarked, &#8220;After this weekend, it sure seems like the Trump stocks are back,&#8221; but he also warned that market dynamics can shift rapidly.
The race between Vice President Kamala Harris and Trump is particularly tight, with recent polls showing a narrow lead for Trump, <a href="https://www.benzinga.com/news/24/07/39999519/trump-vs-harris-latest-survey-indicates-positive-signs-for-this-candidate">according to a survey</a>.
Read Next: 
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</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Jim Cramer Selects 3 Media Stock Winners As Tight Race Between Trump And Kamala Harris Unfolds: 'About To Be Inundated With Both Viewers And Political Ad Dollars'

<a href="https://www.nytco.com/press/new-york-times-advertising-launches-brandmatch-out-of-beta/">https://www.nytco.com/press/new-york-times-advertising-launches-brandmatch-out-of-beta/</a>
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Today, New York Times Advertising is offering early access to <a href="https://advertising.nytimes.com/brandmatch/">BrandMatch</a>, its GenAI-powered targeting solution that provides a new way to match a brand's message with the most relevant articles and the most interested audiences.
Earlier in 2024, New York Times Advertising announced this new experimental advertising tool and ran a beta test with six notable brands across tech, finance, luxury and other categories. Results from the beta test showcased BrandMatch's enhanced capabilities and successful applications for advertising campaigns, leading to the tool's launch this summer.
BrandMatch works by building personalized targeting segments for every ad campaign, capturing the nuances of a brand and its audience. With this new tool, advertisers can provide their existing marketing briefs, which BrandMatch uses to build personalized ad targeting segments based on relevant articles and the audiences that most engage with those articles.
"We are thrilled to officially debut BrandMatch and make it available to even more brands and advertisers," said Joy Robins, global chief advertising officer of The New York Times Company. "This evolved offering empowers us to better serve advertiser needs, deliver incredible performance, and opens up a broader variety of use cases at a level of sophistication and granularity that is currently unmatched in today's industry."
BrandMatch provides a solution to a common challenge that marketers face: how to reach specific target audiences as described in their briefs when traditional targeting can only offer a predefined menu of targeting criteria to choose from. BrandMatch joins a lineup of New York Times Advertising's first-party targeting solutions, including more than 200 audience segments, interest based targeting and contextual solutions like emotion based targeting. The new tool works in a different way than existing ad targeting models, automatically interpreting a brief and matching it with the most relevant context and audiences.
New York Times Advertising plans to incorporate their new BrandMatch targeting solution in mid to late September with plans to significantly expand the number of advertisers utilizing the product throughout Q4 2024 and into 2025.

'New York Times Advertising Launches BrandMatch Out Of Beta; The New Gen-AI Powered Ad Targeting Solution Provides Advertisers With Expanded And Enhanced Ad Campaign Targeting.' - NYT

Alphabet Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google reversed its long-standing plan to eliminate cookies in its Chrome browser due to industry <a target="_blank" href="https://www.benzinga.com/top-stories/24/07/39895583/google-reverses-course-on-cookie-ban-in-chrome-citing-industry-regulatory-pressure" rel="noreferrer noopener">and regulatory pushback</a>.
Advertisers and publishers use cookies and small text snippets to identify users <a target="_blank" href="https://www.benzinga.com/news/23/12/36252001/google-to-test-feature-restricting-advertisers-cookie-tracking-in-2024" rel="noreferrer noopener">and target ads</a>.
This decision follows objections from digital advertising companies and regulators to Google&#8217;s proposed alternative technologies.
Ad-tech players protested, accusing Google of attempting to strengthen its monopoly in the space and making it more difficult for advertisers to track their ads&#8217; performance.
Instead of eliminating cookies, Google will now prompt Chrome users to decide whether to enable or disable cookies.
This move will keep the internet free and support advertisers relying on cookies to track user data. Websites will continue to display consent boxes for cookies, maintaining the current user experience, CNBC <a target="_blank" href="https://www.cnbc.com/2024/07/23/what-google-decision-to-keep-cookies-means-for-the-internet.html" rel="noreferrer noopener">reports</a>.
Google aims to address industry concerns and maintain advertising effectiveness by keeping cookies. However, regulators like the U.K.&#8217;s Information Commissioner&#8217;s Office expressed disappointment, emphasizing the need for better online privacy protections.
Google&#8217;s decision means that advertisers can continue using valuable data for targeted ads while users have more control over their cookie preferences. Despite this change, the push for greater online privacy remains strong.
Nearly 40.9% of websites worldwide use cookies to collect user data, CNBC cites W3Techs web technology research firm.
Google&#8217;s reversal had a varied impact on ad tech stocks Tuesday. The Trade Desk, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), Magnite, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>), DoubleVerify Holdings, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>), Perion Network Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>), Criteo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRTO#NASDAQ">CRTO</a>), and Outbrain Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OB#NASDAQ">OB</a>) stocks gained close to 1%-2%. Digital Turbine, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPS#NASDAQ">APPS</a>), PubMatic, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PUBM#NASDAQ">PUBM</a>), and Integral Ad Science Holding Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAS#NASDAQ">IAS</a>) gained 3%-4%.
Publisher stocks, including New York Times Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>), News Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), MarketWise, Inc] (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTW#NASDAQ">MKTW</a>), Gannett Co, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCI#NYSE">GCI</a>), and Scholastic Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>), are up following the update.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

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Google Backtracks On Third Party Cookie Policy, Sparks Gains In Ad Tech And Publisher Stocks

New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) has outperformed the market over the past 15 years by 2.68% on an annualized basis producing an average annual return of 15.25%. Currently, New York Times has a market capitalization of $8.70 billion. 
Buying $100 In NYT: If an investor had bought $100 of NYT stock 15 years ago, it would be worth $887.99 today based on a price of $52.92 for NYT at the time of writing.
<h3>New York Times's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721057477_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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$100 Invested In This Stock 15 Years Ago Would Be Worth $900 Today

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NY Times Columnists Call On Biden To Drop Out After Debate

The New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) is reportedly planning to move its top podcasts behind a paywall, a move aimed at generating new revenue from the format.
What Happened: The New York Times intends to make most of its podcast shows accessible only through a subscription service, <a href="https://www.wsj.com/business/media/new-york-times-to-move-podcasts-behind-paywall-ad8e074b?mod=business_lead_pos2">reported</a> The Wall Street Journal, citing people familiar with the matter. 
The publisher is considering offering only the three most recent episodes of &#8220;The Daily&#8221; to nonsubscribers, and making new episodes of its &#8220;Serial&#8221; show exclusive to subscribers for an initial period. These plans are still evolving and could change.
Podcasts have proven to be a popular medium among listeners and provide news organizations with a way to expand the reach of their journalism. After years of substantial investment in podcasting and a proliferation of shows, many media companies are now strategizing the future of the format and how it can best serve their core business.
The Times is expected to gradually move more shows behind the paywall with the goal of eventually tying most, if not all, to a subscription service. It has also discussed making archives of its shows available only to subscribers, although these plans are still in flux.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39448829/bitcoin-ethereum-dogecoin-fall-on-investor-worries-analyst-warns-of-king-cryptos-dip-below?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Fall On Investor Worries: Analyst Warns Of King Crypto&#8217;s Dip Below $60K</a>
Subscribers are expected to be able to listen to the shows across podcast platforms such as Spotify and Apple Podcasts. The Times would continue to sell ads against its podcasts.
The New York Times did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Why It Matters: The decision to move podcasts behind a paywall comes as NYT continues to see growth in its digital subscriber base. In <a href="https://www.benzinga.com/news/earnings/24/05/38710800/why-is-new-york-times-stock-trading-higher-on-wednesday">the first quarter</a>, the company reported a net increase of 210,000 digital-only subscribers, bringing the total to 9.91 million. This growth was primarily driven by bundle and multiproduct subscriber additions. Overall, the company has about 10.55 million subscribers, including 640,000 print subscribers, which saw a decline of about 10%.
The Times reported sales of $594 million for the first quarter, marking a 5.9% year-over-year increase and surpassing the consensus estimate of $591.91 million. 
Podcast advertising growth in the U.S. slowed last year, but revenue is expected to grow 12% this year, reaching over $2 billion. The Times has also launched its Times Audio app, featuring various podcasts and audio content from other publishers, according to the report.
Price Action: The New York Times Co. stock closed at $50.22 on Tuesday, down 1.16% for the day. In after-hours trading, the stock remained unchanged. Year to date, the stock has increased by 4.93%, according to the <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39459711/stock-market-has-a-bad-breadth-problem-again-veteran-wall-street-investor-warns?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Stock Market Has A Bad Breadth Problem Again,&#8217; Veteran Wall Street Investor Warns</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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The New York Times Plans Shift Of Top Podcasts Behind Paywall To Boost Revenue Amid Growing Digital Subscriber Base: Report

Publisher plans to limit access to shows like ‘Serial' to subscribers, cap number of ‘The Daily' free podcast episodes
<a href="https://www.wsj.com/business/media/new-york-times-to-move-podcasts-behind-paywall-ad8e074b?mod=latest_headlines" title="https://www.wsj.com/business/media/new-york-times-to-move-podcasts-behind-paywall-ad8e074b?mod=latest_headlines">https://www.wsj.com/business/media/new-york-times-to-move-podcasts-behind-paywall-ad8e074b?mod=latest_headlines</a>

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'New York Times to Move Podcasts Behind Paywall' - WSJ

<a href="https://www.nytco.com/press/the-new-york-times-passes-2m-international-digital-subscribers/" title="https://www.nytco.com/press/the-new-york-times-passes-2m-international-digital-subscribers/">https://www.nytco.com/press/the-new-york-times-passes-2m-international-digital-subscribers/</a>

'The New York Times Passes 2M International Digital Subscribers' - New York Times Company

Momentum investing revolves around the idea of following a stock&#39;s recent trend in either direction. In the &#39;long&#39; context, investors will be essentially be &quot;buying high, but hoping to sell even higher.&quot; With this methodology, taking advantage of trends in a stock&#39;s price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Below, we take a look at New York Times Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nyt#NYSE">NYT</a>), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It&#39;s also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. New York Times Co. Currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
Set to Beat the Market?
In order to see if NYT is a promising momentum pick, let&#39;s examine some Momentum Style elements to see if this newspaper publisher holds up.
Looking at a stock&#39;s short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It&#39;s also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For NYT, shares are up 6.53% over the past week while the Zacks Publishing - Newspapers industry is up 1.89% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 13.11% compares favorably with the industry&#39;s 5.79% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of New York Times Co. Have risen 9.47%, and are up 30.81% in the last year. In comparison, the S&amp;P 500 has only moved 4.25% and 27.92%, respectively.
Investors should also pay attention to NYT&#39;s average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. NYT is currently averaging 1,244,207 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock&#39;s price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with NYT.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost NYT&#39;s consensus estimate, increasing from $1.64 to $1.77 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that NYT is a #1 (Strong Buy) stock with a Momentum Score of A. If you&#39;ve been searching for a fresh pick that&#39;s set to rise in the near-term, make sure to keep New York Times Co. On your short list.
<a href="https://www.zacks.com/stock/news/2273022/new-york-times-co-nyt-is-a-great-momentum-stock-should-you-buy?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_10-2273022">To read this article on Zacks.com click here.</a>

New York Times Co. is a Great Momentum Stock: Should You Buy?

Evercore ISI Group analyst Vijay Jayant maintains New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Outperform and raises the price target from $50 to $53.

Evercore ISI Group Maintains Outperform on New York Times, Raises Price Target to $53

The New York Times&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) reported that its net digital-only subscriber base grew by 210,000 to 9.91 million in the first quarter, primarily driven by bundle and&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38695745/the-new-york-times-company-reports-first-quarter-2024-results" rel="noreferrer noopener">multiproduct subscriber additions</a>.
The company said it had about 10.55 million subscribers&nbsp;overall, up roughly 8.4%. About 640,000&nbsp;of those&nbsp;were print subscribers, down about 10%.
The company reported sales of $594 million, up 5.9% year over year, beating the consensus of $591.91 million.
Digital advertising revenues increased 2.9% to&nbsp;$63 million, primarily due to higher revenues from display advertising at The Athletic and Creative Services, partially offset by lower revenue from display advertising at The New York Times Group &#8220;NYTG&#8221; and podcast advertising.
Overall revenue from advertisements decreased 2.4% to&nbsp;$103.7 million.
The total digital-only average revenue per user (ARPU) increased 1.9% to&nbsp;$9.21, primarily due to subscribers graduating from promotional to higher prices and price increases on tenured non-bundled subscribers.
Adjusted operating profit reached $76.1 million, up 40.9%.
&#8220;2024 is off to a strong start, as our results reflect the power of our strategy to be the essential subscription for every curious person seeking to understand and engage with the world,&#8221; Meredith Kopit Levien, CEO,&nbsp;<a target="_blank" href="https://investors.nytco.com/news-and-events/press-releases/#data-item=The-New-York-Times-Company-Reports-First-Quarter-2023-Results" rel="noreferrer noopener">said</a>&nbsp;in a statement.
The Athletic, which The Times bought in 2022 for $550 million, had 4.99 million subscribers at the end of the first quarter, up 52.6%.&nbsp;
The Athletic revenues increased 33% to&nbsp;$37.2 million,&nbsp;largely&nbsp;due to increased subscriptions and a deal to license articles to Apple for its news product, NYT&nbsp;<a target="_blank" href="https://www.nytimes.com/2024/05/08/business/media/new-york-times-earnings.html" rel="noreferrer noopener">added</a>.
The company reported adjusted EPS of $0.31, up 63% year over year, beating the consensus of $0.20.
Guidance:&nbsp;For the second quarter, the New York Times expects total subscription revenues to increase 6%-8%, with digital-only subscription revenues to increase 11%-14%.
The company forecasts second-quarter total advertising revenues&nbsp;to&nbsp;increase in the low single digits, with digital advertising revenues increasing in the high single digits.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37847916/minute-media-rescues-70-year-old-sports-illustrated-plans-to-rebuild-team-revitalize-brand" rel="noreferrer noopener">Minute Media Rescues 70-Year-Old Sports Illustrated, Plans to Rebuild Team, Revitalize Brand</a>.
Price Action: NYT shares are up 3.69% at $47.96 at last check Wednesday.
Photo via Shutterstock

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